closing order imbalances

Discussion in 'Stocks' started by elite1974, Aug 24, 2023.

  1. elite1974

    elite1974

    I recall there used to be a way to see the closing order imbalances, whether there were buy or sell imbalances.

    Can someone point me in the right direction?
     
  2. Robert Morse

    Robert Morse Sponsor

    We show them on Lightspeed Trader.
     
  3. FSU

    FSU

    Is that an extra data package, Bob?
     
  4. Robert Morse

    Robert Morse Sponsor

    No it is not. We have a window with all the imbalances and it can be displayed by symbol in the top part of the Level 2 window.

     
    FSU likes this.
  5. Robert Morse

    Robert Morse Sponsor

    Here is an example after hours of what I see now. You can see TPH MM window with the imbalance of 627 to buy and the same information on the top line.

    upload_2023-8-24_16-46-27.png
     
    MoreLeverage likes this.
  6. comagnum

    comagnum

    Last edited: Aug 24, 2023
  7. traider

    traider

    How do we profit from this info?
     
  8. Q.E.D.

    Q.E.D.

    About 8-10 years ago, I subscribed to a service that would send a few e-mails during the final hour of regular trading, stating the imbalances, both from their own sources and then from official exchange sources, with I think the final about 3:40 NY time. Ultimately I decided it was not worth the monthly subscription service. I don't know if those stand-alone services are still available.

    For past few months, after abandoning CNBC, which I watched daily for 20+ years, I tried free news service on Interactive Broker. They offer combined news feeds from DJ, Bazinga, and several others.

    Oddly, at about 3:30, they have a line with order imbalances. Sometimes that is not shown until 3:40. It was a minor help yesterday, as I was already short, but at 3:30 the imbalance was $3.2 billion to sell side. That is relatively huge, re stated imbalances, as I think prior this week it was 100 - 400 Million, either buy or sell.

    In most cases, I assume that the advance orders are for show, but in any event, by 5 minutes before the 4 pm close, the effect is usually over. HOWEVER, even when just 300 million, I think it shows the short-term psychology, & in most cases, the movement for say 3:40 - 3:50 reflects that action. I think at 3:50 final imbalances are posted so traders can counter if they choose.
     
    elite1974 likes this.
  9. Robert Morse

    Robert Morse Sponsor

    We provide the data, profiting from any data is your job.

     
    FSU and DevBru like this.
  10. elite1974

    elite1974

    Which news feed sends the data?

     
    #10     Aug 25, 2023